The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-10
CONDITION OF THE MARKETS
Light Trading in Wheat at Figures
Close to Those Current On Monday.
Corn Shows No New Features, but the Mar
ket Is Fairly Firm-0ats Dull and
Steady-Actiye Business in Pork.
MONEY, BONDS AND STOCKS.

A slow but Steady Advance During the Day,
Closing rhe Highest Figures
NEW YORK, Nov. 9.-Money on call was
easy ut 81 to per cent, closing offered at per
cent
Prime mercantile paper, Gas per cent.
Sterling exchange was dull but steady at
- So. for sixty-day bills and 81 854 for demand.
The total sales of stocks to-day were 268. 823
shares, including: Canada Southern, 1920;
Delaware. Laekawanna Western, 1925:
Erie, g. 46o;Lake Shore, 5000; Louisville s. Nash
vile, 1850; Missouri Pacific, 1850; North
western. 1850; New York Central. {. 400; Read
ing, liz. 800; ST. Paul. 1905; ST Paul & Omaha
1885, Union Pacific. 1850
The stock market to-day was quiet, except for
Reading which contributed over ouethird OF
the entire business of the day. There was
moderate but steady advance from the opening
almost 10 the close. and the final figures and
the highest generally correspond. The buying,
especially By the outsiders, of q very good
character, and the temper OF the room was
throughout moderately bullish, with fair de-
mand for speculative stocks. The Vanderbits
were the leaders of the speculation
IN the forenoon. but gave way, later, to she
grangers and the coal stocks, the dealing In
Reading being specially noteworthy. the pur-
ehases for foreign account being the largest for
some time. There were stories that influential
European houses had taken the stock IN hand
and that Dir. Gould buying it, but the
movement was checked somewhat in the last
hour by report that the miners had refused to
handle Lehigb coal, though the effect was not OF
special Importance. Rumore of foreign purchases
made Richmond g. West Point also a feature
N the dealings, accompanied by a story OF
contest for control. The advance 10 the Wander
bilis was more quiet, though it was helped by
denial of the assertions of increase in
the dividend rate. especially of Lake Shore and
New York Central Among the lowpriced
stocks, Wheeling & Lake Ere advanced
report that Mr. DILLON would be chosen Dresi-
dent at the next election. Marked advances
were made by Hooking and Tennessee Coal
shares for no apparent reason beyond new
speculative derhand. The opening was firm to
strong, at advances of from ! to per cent gen.
orally, but the market was very dull for a time,
and prices mad dropping tendency until Rich
snon6 s. West Point, Canada Southern, and one
two others became strong, when more ANNA
rion was impaired to the dealings, and the
strong tone became pronounced Read ding
then came the front, while the
unimportanG Ia the afternoon, however. there
was more vim 10 the trading and the grangers
became more prominent The coal stocks fol-
lowed late in the day, and the close quiet
but firm strong at about the best figures of
the day. Almost without exception the active list
is higher. Reaching rose 2s Jersey Central. Il;
Hooking Valley. II; Norfolk & Western pre-
ferred Ia: Rich mond & West Point, Il: Mani
toba, Michigan Central and Omaha, l per cent.
Railroad bonds were quiet; sales 1911. 900, of
which $l27 600 we're Fort Worth So Denver
6rsts. purchases by a prominent banking
house. The general list was firm to strong
throughout, and final figures higher. St.
Paul e. Southern Minnesota rose 3. TO lis; Chi
cago G Indian Coal fives, 24. to 96i; Fort Worth
& Denver frsts, L, to Ssh Illinois Central, mid
die division, p, to liz; Louisville & Nashville.
Cecolian branch, 2, TO 100; Ohio Southern n
comes, 2, TO 81, and Reading second certificates,
q. 10 70.
firm.
State bonds were very dull and steady. Clos